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Technology

Why Apple bought zero shares in December…

Photo of Steven M. Peters
By Steven M. Peters Updated Published

And then retired 14.5 million Apple shares in the first three weeks of January.

 

Not seeing the buyback bar graph? Click here.

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My best guess: Tim Cook knew in December that his Jan. 2 guidance warning would send the stock into free fall. Why invite investor lawsuits and SEC scrutiny?

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